The chart of RIOT Blockchain (RIOT-NASDAQ) says it all . In late March, it was trading at 65 cents, it’s now trading above $2. That’s more than a triple in less than two months. Does it have more room to run? The chart says so but I will pass for now. Instead, I bought Bitfarms (BITF-TSXv). As you can see, it’s… Read More »
On Tuesday, the bitcoin algorithm ordered the block reward to be cut in half, from 12.5 bitcoin every ten minutes to 6.25. And absolutely nothing else happened that day. The weekend before, of course, bitcoin dropped 16% in a matter of minutes. That happened NOT because a bunch of new money moved into bitcoin. It happened because a bunch… Read More »
Before we agonize over what to do next, let’s take a moment to appreciate what happened in the month of April. Bitcoin is up nearly $9000 from $7000 in 30 days, a bump of 29%. I would say that is the result of halving hype. If it breaks $10k anytime soon, that’s a nice bonus. Most likely it… Read More »
Tether’s market cap had a huge bump at the end of March, as users rushed to buy the “virtual” US dollar coin. In case you can’t read the fine print, the market cap of Tether went from about $4.7 billion USD to a little more than $6.4 billion. One point seven billion USD was “minted” in as new… Read More »
In the last week of February I mentioned three junior gold mining stocks (that I bought) and two blockchain stocks (that I passed on). About three weeks later, the apocalypse hit. Let’s see how those stocks weathered the storm. Prime Mining Corp (PRYM-TSXv, PRMNF-OTC) Eclipse Gold Mining (EGLD-TSXv) K92 mining (KNT-TSXv) A quick look at the chart shows they all got hammered in… Read More »
The Bitcoin halving is expected to take place on May 13th, around 9:00 UTC time, give or take a few minutes. In case you are new to the land of crypto, it’s expected to be the biggest event of the year. What is it? Here is the simple explanation: “As part of Bitcoin’s coin issuance, miners are rewarded… Read More »
